The commercial desk reports on office leasing and investment, retail and hospitality assets, industrial and logistics space, and the data centre pipeline across Singapore and the wider region.
OpenAI has reduced prices for its frontier GPT-5.6 Sol model by over 20 per cent for developers via its API, cutting input token costs to US$4 per million and output tokens to US$20. The three-month promotional period comes amid rising competition from Anthropic and Chinese AI models.
Starcloud, a startup developing orbital data centres, has raised US$250 million in a funding round that values it at US$2.3 billion. The round was led by Manhattan West with participation from Nvidia and Cisco Investments, and the company plans to expand AI infrastructure in space.
IJM Perennial has launched Lightwater Residences, a 262-unit luxury condominium within the 32.76-acre The Light City in Penang. Units start from 1,152 sq ft priced at RM2.06 million, with completion targeted for the first quarter of 2029.
Mah Sing Group has launched M Amaya, a freehold serviced apartment development at Southbay in Batu Maung, Penang. The 4.8-acre seafront project comprises two 37-storey towers with 833 residential units, priced from RM480,000, and is scheduled for completion in 2030.
Matrix Concepts Holdings Bhd has launched its Matrix 30A HOME RUSH Campaign 2026, offering more than RM30 million in savings, rewards and prizes. The campaign, running until Nov 30, gives eligible purchasers the chance to win one of three dream homes alongside loyalty rebates, referral incentives an
CapitaLand Investment and IOI Properties are planning a joint venture to acquire One Raffles Place, one of Singapore’s tallest towers. The complex, valued at about S$2.37 billion, comprises two office towers and a retail mall in the central business district. UOB is expected to retain its current sp
The Rehda Institute Youth Initiative (RIYI) offers a year-long corporate mentorship programme for final-year university students and recent graduates to develop workplace skills beyond academic knowledge. Industry practitioners stress the importance of communication, adaptability, and a willingness
Alpha Galaxy Group has signed an MoU with Billion Group to develop a B-Grocer supermarket on roughly 2.037 acres within its 166-acre Galaxy Exchange mixed-use project in Puncak Alam, Selangor. The neighbourhood supermarket will serve nearby residential and commercial areas, acting as a key anchor fo
Pesona Metro Holdings Bhd posted a 46.7% rise in net profit to RM13.67 million for 2QFY2026, driven by stronger contributions from property development subsidiary Gaya Kuasa Sdn Bhd. Revenue grew 46.2% to RM255.56 million as project completion and sales picked up.
Frasers Property Ltd and Tan & Tan Developments Bhd plan to jointly develop PJ Quarter, a 5.15-hectare mixed-use project in Section 13, Petaling Jaya. The partnership is linked to Tan & Tan's proposed acquisition of a 50% interest in Vacaron Company Sdn Bhd, which owns the site. The first phase will
Father-and-son billionaires Raj Kumar and Kishin have reportedly placed a deposit on Scotts Square, a freehold mall in Singapore’s Orchard Road area, with a sale agreement possible by early September. The S$250 million deal would see the duo add the 130,900 sq ft retail podium to their property empi
Tatyana Kim, the former English teacher who co-founded e-commerce platform Wildberries, is now Russia's richest woman with an estimated net worth of US$8.1 billion. The company, launched in 2004 from her Moscow apartment, generated US$9 billion in 2024 revenue and serves more than half of Russia's p
i-City Properties has appointed four property agencies — led by Firdaus & Associates, with IQI Global, ESP Global and PropNex Malaysia — to begin market engagement and prospective buyer registrations for AI Living @ i-City in Shah Alam. The residential development, centred on the UrbanOS digital pla